Hunt Weighs Plan to Spur Pension Pots to Invest in UK Assets
- Chancellor considers requiring UK asset allocation disclosure
- Hunt weighing pension fund options ahead of Budget on March 6
Jeremy Hunt
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Chancellor of the Exchequer Jeremy Hunt is considering plans to spur pension funds to boost investments in UK assets, part of government efforts to lift economic growth and help Britain’s struggling equities market.
Hunt is reviewing options including requiring pension funds to disclose their allocations to different UK asset classes, and launching an independent review to determine an appropriate threshold of UK asset allocation for pension pots, according to two people familiar with the matter, who spoke on condition of anonymity about plans that haven’t been finalized. The proposals could be revealed at the budget on March 6, they said.